BT announced on Thursday 5th May 2016, its annual results.
BT is the most dynamic telecommunications, broadband and media corporation, that has delivered a strong set of results.
Some very salient information can be found in the results.
Total debt is under £10bn, at £9.845 Billion.
BT has taken on £2.1bn of EE debt, which is a factor why BT’s debt has increased.
The proposed final dividend of 9.6p, up 13%
Now with 9,961,199,569 and the Sept payment of 9.6p
Thus it will cost BT £956,275,159 (£956m) in Sept 2016 for the dividend payment
BT Group held cash and current investment balances of £3.4bn. A strong position of liquidity.
BT also paid £875m into BT Pension Scheme as part of its plan to reduce the pension deficit.
EE’s figures are interesting, monthly mobile average revenue per user was £26.7 for post-paid customers, £3.9 for pre-paid.
BT is firing an all cylinders.